Kondapur emerges as Major Residential Hotspot in Hyderabad

Hyderabad News

In recent times, Kondapur in Hyderabad has emerged as a key residential hotspot on the city of Hyderabad. Located in the Cyberabad information technology zone and well-connected to major commercial zones like Gachibowli and Hitec City, the area has attracted many prospective property buyers.

Kondapur is well known for its Botanical Garden and the presence of modern IT centers like Google. The region enjoys good transportation facilities that include TSRTC bus services, metro connectivity, and railway station. The Rajiv Gandhi International Airport is just 30 kilometers from Kondapur. Apart from it, the outer ring road connects this area to posh localities like Banjara Hills and Jubilee Hills through Road Number 36 and Hitec City.

Kondapur also houses many renowned educational institutions, hospitals, entertainment and recreation centres. This includes Kims hospitals, Apollo Cradle, Arbor International School, Chirec Public School, Sarojini Naidu School of Arts and Communication etc. The cultural center of Shilparamam is 2 km away from Kondapur.

It is also home to major commercial spaces and offices like S&P, Google, Oracle, Kothaguda, and Hitech City. Apart from it, Kondapur has also seen the launch of several mid-segment, affordable and luxury housing projects in recent years. Many renowned developers are also coming up in this area with their affordable and mid-segment projects. With many offices in the vicinity, the rental market of Kondapur is also favourable among many working professionals.

Currently, the average property price in Kondapur is 5,280 per sq.ft. Furthermore, the property rates of residential unit fall between 4,230-6,330 per sq.ft. On the other hand, if we go by last 3-4 years data, the property prices here seen a steep jump of about 6-7%. This is due to an increase in IT/ITes companies and working professionals in the respective area.

Some of the top projects in Kondapur include NCC Urban Gardenia, Aparna Sarovar Zenith, Vessella Woods etc.